Nevis, an AI platform for wealth management advisors, says revenue grew more than 25x over the past 12 months, with assets on the platform rising from $50B to over $700B and roughly $50B added monthly. The company partnered with 10+ RIAs, including Focus Financial Partners, IEQ Capital and United Capital, and its AI agents completed over 100,000 operational tasks. New investors include Charles Schwab, whose strategic investment targets workflows for 16,000+ independent RIAs, and Quantum Light, founded by Nik Storonsky. Existing backers Sequoia, ICONIQ and Ribbit Capital also reinvested. Advisors reportedly reclaim up to 10 hours weekly and take 30% more prospect meetings.

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